Dennis Lam Purchases 8,000 Shares of Hf Foods Group (NASDAQ:HFFG) Stock

Hf Foods Group Inc. (NASDAQ:HFFG) Director Dennis Lam bought 8,000 shares of Hf Foods Group stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of $1.80 per share, for a total transaction of $14,400.00. Following the purchase, the director directly owned 22,384 shares in the company, valued at $40,291.20. This represents a 55.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dennis Lam also recently made the following trade(s):

• On Thursday, March 19th, Dennis Lam bought 100 shares of Hf Foods Group stock. The shares were purchased at an average price of $1.76 per share, with a total value of $176.00.

Hf Foods Group Trading Up 1.6%

Shares of HFFG stock opened at $1.88 on Friday. Hf Foods Group Inc. has a 12-month low of $1.38 and a 12-month high of $4.93. The company has a market capitalization of $99.72 million, a P/E ratio of -2.58, a P/E/G ratio of 0.35 and a beta of 0.42. The firm has a 50-day moving average price of $1.89 and a 200 day moving average price of $2.33. The company has a quick ratio of 0.42, a current ratio of 1.18 and a debt-to-equity ratio of 0.61.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $308.02 million for the quarter, compared to the consensus estimate of $308.37 million. Hf Foods Group had a positive return on equity of 6.83% and a negative net margin of 3.16%. Research analysts forecast that Hf Foods Group Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HFFG shares. Roth Mkm decreased their price target on Hf Foods Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen lowered Hf Foods Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hf Foods Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On Hf Foods Group

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Hf Foods Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 2,160,737 shares of the company’s stock worth $5,964,000 after purchasing an additional 20,181 shares in the last quarter. Geode Capital Management LLC raised its position in Hf Foods Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after purchasing an additional 15,714 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hf Foods Group by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 420,812 shares of the company’s stock worth $1,161,000 after purchasing an additional 5,708 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Hf Foods Group by 9,703.0% during the 4th quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock worth $752,000 after buying an additional 346,010 shares in the last quarter. Finally, Rothschild Wealth LLC acquired a new position in Hf Foods Group during the 4th quarter worth $456,000. 24.02% of the stock is currently owned by institutional investors and hedge funds.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.